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Peapack-Gladstone Financial ( (PGC) ) has issued an announcement.
In a recent announcement, Peapack-Gladstone Financial Corporation reported its highest quarterly earnings for 2024 and continued positive trends in its financial performance. The company’s strategic expansion into the New York City market has exceeded expectations, adding 550 new relationships with nearly $948 million in deposits. The company has also seen significant growth in core relationship deposits and net interest income, contributing to improved liquidity and profitability. These developments are supported by a strong pipeline and robust asset quality, as Peapack-Gladstone positions itself for further growth and operational leverage in 2025.
More about Peapack-Gladstone Financial
Peapack-Gladstone Financial Corporation operates in the financial services industry, focusing primarily on banking and wealth management services. The company has recently rebranded to Peapack Private Bank & Trust, indicating a stronger emphasis on private banking and trust services, and is actively expanding its presence in the New York and New Jersey markets.
YTD Price Performance: 6.13%
Average Trading Volume: 102,913
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $565.2M
For an in-depth examination of PGC stock, go to TipRanks’ Stock Analysis page.
